Converse Area New Development Organization Inc
- Assets
- $1.8m
- Revenue
- $364.5k
- Investments
- $449.8k
- Employees
- 5
- Location
- Douglas, WY
- Founding
- 04/1996
- Data as of
- 06/2022
- EIN
- 83-0312714
Organization Overview
Converse Area New Development Organization Inc, operating under the name The Enterprise, is located in Douglas, WY. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Enterprise employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Enterprise generated $364.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $398.8k during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ATTRACT AND RETAIN PRIMARY JOBS, FACILITATE THE EXPANSION AND DEVELOPMENT OF NEW AND EXISTING BUSINESSES, ENHANCE OUR AREA QUALITY OF LIFE AND PLACE AN EMPHASIS ON HISTORIC PRESERVATION IN DOUGLAS AND THE CONVERSE COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER ECONOMIC DEVELOPMENT IN CONVERSE COUNTY THROUGH VARIOUS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Porter Executive Director | Officer | 55 | $110,576 |
Daniel York Secretary | OfficerTrustee | 2 | $0 |
Ed Werner Treasurer | OfficerTrustee | 2 | $0 |
Paige Fenton Vice President | OfficerTrustee | 4 | $0 |
Tim Pexton President | OfficerTrustee | 4 | $0 |
Denny Harts Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,313 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $226,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,107 |
| Total Program Service Revenue | $12,135 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,257 |
| Net Gain/Loss on Asset Sales | $49,607 |
| Net Income from Fundraising Events | $31,343 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,576 |
| Compensation of current officers, directors, key employees. | $95,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,066 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,642 |
| Payroll taxes | $19,491 |
| Fees for services: Management | $5 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,720 |
| Advertising and promotion | $14,650 |
| Office expenses | $2,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,986 |
| Insurance | $10,098 |
| All other expenses | $1,647 |
| Total functional expenses | $398,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,072 |
| Savings and temporary cash investments | $90,607 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,190,332 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $449,786 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,828,797 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $777 |
| Total liabilities | $777 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,828,020 |
| Total liabilities and net assets/fund balances | $1,828,797 |
Grants Awarded
Over the last fiscal year, Converse Area New Development Organization Inc has awarded $35,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RGH ENTERPRISES PURPOSE: FACADE GRANT | $5,000 |
HOTEL LABONTE PURPOSE: FACADE GRANT | $5,000 |
H&H ELECTRIC PURPOSE: FACADE GRANT | $5,000 |
BELLA NAILS PURPOSE: FACADE GRANT | $5,000 |
AMEN PROPERTIES LLC PURPOSE: FACADE GRANT | $5,000 |
COLLEGE INN BAR PURPOSE: FACADE GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Kansas Denver, CO | $25,496,430 | $27,631,308 |
Central Nebraska Community Action Partnership Inc Loup City, NE | $11,182,517 | $15,277,585 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
Montana Community Development Corporation Missoula, MT | $128,107,962 | $17,427,104 |
Rocky Mountain Development Council Inc Helena, MT | $19,568,493 | $12,980,509 |
Center For People In Need Inc Lincoln, NE | $4,396,742 | $7,753,507 |
First Nations Oweesta Corporation Longmont, CO | $63,460,575 | $8,550,611 |
Thunder Valley Community Development Corporation Porcupine, SD | $24,786,426 | $14,048,128 |
Telluride Mountain Village Owners Association Mountain Village, CO | $58,036,746 | $18,777,626 |
Western South Dakota Community Action Inc Rapid City, SD | $273,358 | $4,989,303 |
Centerra Public Improvement Collection Corporation Loveland, CO | $379,662 | $2,826,725 |
Community Investment Fund Inc Denver, CO | $0 | $3,467,524 |